Required information Problem 6-6B Record transactions using a perpetual system, prepare a partial income statement, and adjust for the lower of cost and net realizable value(LO6-2, 6-3, 6-4, 6-5, 6-6) [The following information applies to the questions displayed below) At the beginning of November, Yoshi Inc.'s inventory consists of 58 units with a cost per unit of $96. The following transactions occur during the month of November November 2 Purchase 105 units of inventory on account from Toad Inc. for $100 per unit, terms 1/10, 1/30. November 3 Pay cash for freight charges related to the November 2 purchase, $210. November 9 Return 35 defective units from the November 2 purchase and receive credit. November 11 Pay Toad Inc. in full. November 16 Sell 100 units of inventory to customers on account, $13,800. (Hint: The cost of units sold from the November 2 purchase includes $100 unit cost plus $3 per unit for freight less $1 per unit for the purchase discount, or $102 per unit.) November 20 Receive full payment from customers related to the sale on November 16. November 21 Purchase 68 units of inventory from Toad Inc. for $106 per unit, terms 3/10, n/30. November 24 Sell 85 units of inventory to customers for cash, $8,900. (Note: For calculating the cost of inventory sold, ignore the possible purchase discount on November 20.) blem 6-6B Part 1 uired: Esuming that Yoshi Inc. uses a FIFO perpetual inventory system to maintain its internal inventory records, record the transac entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ew transaction list ournal entry worksheet Journal entry worksheet Record payment to Toad Inc. in full. Note: Enter debits before credits. Date General Journal Debit Credit November 11 Accounts Payable Inventory Cash Record entry Clear entry View general journal Journal entry worksheet Record the sale of 100 units of inventory to customers on account, $13,800. Note: Enter debits before credits. General Journal Debit Credit Date November 16 Record entry Clear entry View general journal View transaction list Journal entry worksheet